OFS News

Signature Global is a major real estate development company in Delhi-NCR. The DRHP is filed when a company intends to raise capital from the public by selling its shares. Through the IPO, Company proposes to utilize the net proceeds towards payments.

The unsubscribed portion of retail investors will be allotted to institutional buyers. Institutional investors had put in bids for over 30.35 crore shares at an indicative price of Rs 159.91 per share.

Matrimony.Com, which runs online match making business under the BharatMatrimony brand, will launch its initial public offer on September 11 and has fixed a price band of Rs 983-985 to raise over Rs 500 crore.

The two-day share sale, wherein the government is offloading 15 percent of its equity, attracted bids for over 11.08 crore shares as against 7.20 crore offered to institutional investors on the first day, according to the stock exchange data.

Fund-raising through offer-for-sale (OFS) mechanism surged nearly four times to a staggering around Rs 27,000 crore in 2014-15, riding mainly on the mega share sale of Coal India (CIL).

The stake sale in Rural Electrification Corpn (REC) is the first in the government's disinvestment pipeline for the current fiscal.

Government has decided to double the quota reserved for retail investors to 20 percent for the forthcoming stake sales in bluechip companies like ONGC and Coal India.

Easing the norms, SEBI Monday said retail investors can put in their bids at cut-off price for shares sold through the Offer for Sale (OFS) route.

To elicit views from diverse stakeholders, capital market regulator Sebi will come out with a discussion paper on reducing the time line for follow-on public offers.

The disinvestment department will select one common law firm for advising on sale of five per cent stake each in PFC and REC, which could fetch around Rs 3,000 crore to the exchequer.

Making it easier to buy and sell shares, all trading members are allowed to access the internet enabled book-building platform to tap the Offer for Sale (OFS) route.

Under the OFS mechanism, at present a minimum of 25 percent of the shares offered are reserved for mutual funds and insurance companies.

India's leading commodity exchange, Multi Commodity Exchange (MCX) has been permitted to sell its 24 percent stake in Financial Technologies India Ltd (FTIL) via offer for sale.

Retail investors will now get a 10 percent reservation in an offer for sale (OFS) by listed companies and they may also be given discounts by entities selling shares through this mechanism.